Section 65 in The M.P. Zila Panchayats (Accounts) Rules, 1999
65. Income and Expenditure Account.
- At the end of each year, an account of income and expenditure of the Zila Panchayat for the year shall be prepared in Form No. ZP-24. The income and expenditure account shall contain all the revenue receipts and expenditures but, the capital receipts and payments such as Grants, Loans, advances, deposits etc. shall not be included. However, the expenditure incurred on construction/acquisition of Assets shall be treated as revenue expenditure and included in the aforesaid account.
